Trade ministry’s optimism about nuclear power export masks concerns of cost overruns and potential project delays
South Korea plans to bolster nuclear power exports following Korea Hydro and Nuclear Power’s (KHNP) selection as the preferred bidder for a Czech nuclear project. The trade ministry aims to finalize the Czech contract by March 2025 and expand nuclear equipment exports to $3.6 billion (5 trillion won) within the year.
The ministry stated it will intensify efforts to secure additional nuclear contracts globally, leveraging upcoming international events to showcase South Korean nuclear technology. Officials plan to strengthen support systems, including expanding diplomatic missions focused on nuclear exports and enhancing trade office functions. The ministry also intends to develop a “2050 Mid to Long-term Nuclear Industry Roadmap” and pursue legislation to support the nuclear industry.
South Korea plans to bolster nuclear power exports following Korea Hydro and Nuclear Power’s (KHNP) selection as the preferred bidder for a Czech nuclear project. The trade ministry aims to finalize the Czech contract by March 2025 and expand nuclear equipment exports to $3.6 billion (5 trillion won) within the year.
The ministry stated it will intensify efforts to secure additional nuclear contracts globally, leveraging upcoming international events to showcase South Korean nuclear technology. Officials plan to strengthen support systems, including expanding diplomatic missions focused on nuclear exports and enhancing trade office functions. The ministry also intends to develop a “2050 Mid to Long-term Nuclear Industry Roadmap” and pursue legislation to support the nuclear industry.
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